Report NEP-MAC-2015-12-08

This is the archive for NEP-MAC, a report on new working papers in the area of Macroeconomics. Soumitra K Mallick issued this report. It is usually issued weekly.

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Other reports in NEP-MAC

The following items were announced in this report:

• S. Avouyi-Dovi & J-G. Sahuc, 2015. "On the sources of macroeconomic stability in the euro area," Working papers 577, Banque de France.
• Haroon Mumtaz & Konstantinos Theodoridis, 2015. "Dynamic Effects of Monetary Policy Shocks on Macroeconomic Volatility," Working Papers 760, Queen Mary University of London, School of Economics and Finance.
• Roc Armenter & Benjamin Lester, 2015. "Excess reserves and monetary policy normalization," Working Papers 15-35, Federal Reserve Bank of Philadelphia.
• Stefano Neri & Alessandro Notarpietro, 2015. "The macroeconomic effects of low and falling inflation at the zero lower bound," Temi di discussione (Economic working papers) 1040, Bank of Italy, Economic Research and International Relations Area.
• Cukierman, Alex & Melnick, Rafi, 2015. "The Conquest of Israeli Inflation and Current Policy Dilemmas," CEPR Discussion Papers 10955, C.E.P.R. Discussion Papers.
• Charles Abuka & Ronnie K. Alinda & Camelia Minoiu & Jose-Luis Peydro & Andrea Filippo Presbitero, 2015. "Monetary Policy in a Developing Country: Loan Applications and Real Effects," Mo.Fi.R. Working Papers 114, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
• Juan Paez-Farrell, 2015. "Taylor rules, central bank preferences and inflation targeting," Working Papers 2015023, The University of Sheffield, Department of Economics.
• Uluc Aysun, 2015. "The effects of global bank competition and presence on local business cycles: The Goldilocks principle does not apply to global banking," Working Papers 2015-02, University of Central Florida, Department of Economics, revised Oct 2015.
• Lopez, Claude & Markwardt, Donald & Savard, Keith, 2015. "Macroprudential Policy: What Does It Really Mean," MPRA Paper 68157, University Library of Munich, Germany.
• López-Martín Bernabé & Takayama Naoki, 2015. "The Blighted Youth: The Impact of Recessions and Policies on Life-Cycle Unemployment," Working Papers 2015-22, Banco de México.
• Maixé-Altés, J. Carles & Iglesias, Emma M., 2015. "Banking, Currency, Stock Market and Debt Crises: Revisiting Reinhart & Rogoff Debt Analysis in Spain, 1850-1995," MPRA Paper 68199, University Library of Munich, Germany.
• Sydykova, Meerim & Stadtmann, Georg, 2015. "Taylor rules for CEE-EU countries: How much heterogeneity?," Discussion Papers 377, European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics.
• Stéphane Lhuissier, 2015. "The Regime-switching volatility of Euro Area Business Cycles," Working Papers 2015-22, CEPII research center.
• Holz, Carsten A., 2015. "China's Investment Rate: Implications and Data Reliability," MPRA Paper 68120, University Library of Munich, Germany.
• Silvia Merler, 2015. "Squaring the cycle- capital flows, financial cycles, and macro-prudential policy in the euro area," Working Papers 11000, Bruegel.
• Daniele Tavani & Luca Zamparelli, 2015. "Governement Spending Composition, Aggregate Demand, Growth and Distribution," IMK Working Paper 158-2015, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• John Thorton, 2015. "Inflation targeting in developing economies revisited," Working Papers 15012, Bangor Business School, Prifysgol Bangor University (Cymru / Wales).
• João Amador & Arne J. Nagengast, 2015. "The Effect of Bank Shocks on Firm-Level and Aggregate Investment," Working Papers w201515, Banco de Portugal, Economics and Research Department.
• Gerald A. Carlino & Robert P. Inman, 2015. "Fiscal stimulus in economic unions: what role for states?," Working Papers 15-41, Federal Reserve Bank of Philadelphia.
• Giuseppe Mastromatteo & Lorenzo Esposito, 2015. "The Two Approaches to Money: Debt, Central Banks, and Functional Finance," Economics Working Paper Archive wp_855, Levy Economics Institute.
• Forbes, Kristin & Hjortsoe, Ida & Nenova, Tsvetelina, 2015. "The shocks matter: improving our estimates of exchange rate pass-through," Discussion Papers 43, Monetary Policy Committee Unit, Bank of England.
• Erotokritos Varelas, 2015. "Quantity versus Price Bank Competition and Macroeconomic Performance given Bank Concentration," Discussion Paper Series 2015_06, Department of Economics, University of Macedonia, revised Dec 2015.
• Alessandro Calza & Andrea Zaghini, 2015. "Shoe-leather costs in the euro area and the foreign demand for euro banknotes," Temi di discussione (Economic working papers) 1039, Bank of Italy, Economic Research and International Relations Area.
• Fabia A. de Carvalho & Marcos R. de Castro, 2015. "Macroprudential and Monetary Policy Interaction: a Brazilian perspective," Working Papers Series 405, Central Bank of Brazil, Research Department.
• Dmitrii Timofeev, 2015. "Non-Keynesian Savings of Russians," HSE Working papers WP BRP 49/FE/2015, National Research University Higher School of Economics.
• Zsolt Darvas & Alvaro Leandro, 2015. "The limitations of policy coordination in the euro area under the European Semester," Policy Contributions 10879, Bruegel.
• Yasuo Hirose & Takeki Sunakawa, 2015. "Parameter bias in an estimated DSGE model: does nonlinearity matter?," CAMA Working Papers 2015-46, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Stefano Bosi & David Desmarchelier & Lionel Ragot, 2015. "Preferences and pollution cycles," EconomiX Working Papers 2015-36, University of Paris Nanterre, EconomiX.
• Miles, David & Schanz, Jochen, 2015. "The relevance or otherwise of the central bank’s balance sheet," Discussion Papers 41, Monetary Policy Committee Unit, Bank of England.
• van Wijnbergen, Sweder, 2015. "On Zombie Banks and Recessions after Systemic Banking Crises," CEPR Discussion Papers 10963, C.E.P.R. Discussion Papers.
• Daniel R. Sanches, 2015. "Banking panics and protracted recessions," Working Papers 15-39, Federal Reserve Bank of Philadelphia.
• Koji Nakamura & Tomoyuki Yagi, 2015. "Fiscal Conditions and Long-term Interest Rates," Bank of Japan Working Paper Series 15-E-10, Bank of Japan.
• Alessandro Barattieri & Maya Eden & Dalibor Stevanovic, 2015. "Financial Sector Interconnectedness and Monetary Policy Transmission," Carlo Alberto Notebooks 436, Collegio Carlo Alberto.
• Dirk Schoenmaker & Peter Wierts, 2015. "Macroprudential supervision- from theory to policy," Working Papers 11133, Bruegel.
• Ansgar Belke & Dominik Kronen & Thomas Osowski, 2015. "Planned Fiscal Consolidations and Growth Forecast Errors – New Panel Evidence on Fiscal Multipliers," ROME Working Papers 201504, ROME Network.
• Meenagh, David & Minford, Patrick & Oyekola, Olayinka, 2015. "Energy Business Cycles," Cardiff Economics Working Papers E2015/19, Cardiff University, Cardiff Business School, Economics Section.
• Rochet, Jean Charles & Gersbach, Hans & Scheffel, Martin, 2015. "Financial Intermediation, Capital Accumulation, and Recovery," CEPR Discussion Papers 10964, C.E.P.R. Discussion Papers.
• Wales, Martin & Wieladek, Tomasz, 2015. "What are the macroeconomic effects of asset purchases?," Discussion Papers 42, Monetary Policy Committee Unit, Bank of England.
• Céspedes, Nikita, 2015. "Creación y Destrucción de Empleos e Informalidad," Working Papers 2015-009, Banco Central de Reserva del Perú.
• Francesco D�Amuri & Silvia Fabiani & Roberto Sabbatini & Raffaele Tartaglia Polcini & Fabrizio Venditti & Eliana Viviano & Roberta Zizza, 2015. "Wages and prices in Italy during the crisis: the firms� perspective," Questioni di Economia e Finanza (Occasional Papers) 289, Bank of Italy, Economic Research and International Relations Area.
• Gabriel Bruneau & Kevin Moran, 2015. "Exchange Rate Fluctuations and Labour Market Adjustments in Canadian Manufacturing Industries," Staff Working Papers 15-45, Bank of Canada.
• Soldatos, Gerasimos T. & Varelas, Erotokritos, 2015. "Loan as a Durable Good and Bank Indirect-Tax Incidence," MPRA Paper 67588, University Library of Munich, Germany.
• Soldatos, Gerasimos T. & Varelas, Erotokritos, 2015. "Loan as a Durable Good and Bank Indirect-Tax Incidence," MPRA Paper 68220, University Library of Munich, Germany.
• Gianluca Violante & Benjamin Moll & Greg Kaplan, 2015. "Monetary Policy According to HANK," 2015 Meeting Papers 1507, Society for Economic Dynamics.
• Makoto Nakajima & Didem Tuzemen, 2015. "Health-care reform or labor market reform? A quantitative analysis of the affordable care act," Working Papers 15-34, Federal Reserve Bank of Philadelphia.
• Ansgar Belke & Daniel Gros, 2015. "Banking Union as a Shock Absorber," ROME Working Papers 201502, ROME Network.
• Margarita Rubio, 2015. "Monetary and Macroprudential Policies under Fixed and Variable Interest Rates," Discussion Papers 2015/10, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
• Gerhard Rösl & Karl-Heinz Tödter, 2015. "Zins- und Wohlfahrtseffekte extremer Niedrigzinspolitik für die Sparer in Deutschland," ROME Working Papers 201501, ROME Network.
• Lehmann, Robert & Wohlrabe, Klaus, 2015. "The role of component-wise boosting for regional economic forecasting," MPRA Paper 68186, University Library of Munich, Germany, revised 03 Dec 2015.
• Michal Ksawery Popiel, 2016. "Interest Rate Pass-through: A Nonlinear Vector Error-correction Approach," Working Paper 1352, Economics Department, Queen's University.
• Lutz Hendricks & Oksana Leukhina, 2015. "How Risky Is College Investment?," Working Papers 2015-014, Human Capital and Economic Opportunity Working Group.
• Peiris, M.Udara & Polemarchakis, Herakles, 2015. "Quantitative Easing in an Open Economy : Prices, Exchange Rates and Risk Premia," CRETA Online Discussion Paper Series 09, Centre for Research in Economic Theory and its Applications CRETA.
• Dimitris Christelis & Dimitris Georgarakos & Tullio Jappelli & Maarten van Rooij, 2015. "Consumption Uncertainty and Precautionary Saving," CSEF Working Papers 421, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
• Paolo Giudici & Laura Parisi, 2015. "Dynamic hierarchical models for monetary transmission," DEM Working Papers Series 112, University of Pavia, Department of Economics and Management.
• Laura D´Amato & Lorena Garegnani & Emilio Blanco, 2015. "GDP Nowcasting: Assessing business cycle conditions in Argentina," BCRA Working Paper Series 201569, Central Bank of Argentina, Economic Research Department.
• Test1 Test2, 2015. "Test Paper," Economics Working Papers 15-01, Queen's Management School, Queen's University Belfast.
• Lutz Hendricks & Oksana Leukhina, 2015. "The Return to College: Selection and Dropout Risk," Working Papers 2015-013, Human Capital and Economic Opportunity Working Group.
• Zsolt Darvas & András Simon, 2015. "Filling the gap- open economy considerations for more reliable potential output estimates," Working Papers 10401, Bruegel.
• Bill Battaile & F. Leonardo Hernández & Vivian Norambuena, 2015. "Debt Sustainability in Sub-Saharan Africa: Unraveling Country-Specific Risks," Working Papers wp413, University of Chile, Department of Economics.
• Marek Dabrowski, 2015. "The systemic roots of Russia’s recession," Policy Contributions 10234, Bruegel.
• Pooyan Amir-Ahmadi & Christian Matthes & Mu-Chun Wang, 2015. "Measurement Errors and Monetary Policy: Then and Now," Working Paper 15-13, Federal Reserve Bank of Richmond.
• Lukas Schmid & Howard Kung & Alexandre Corhay, 2015. "Finance, Volatility, and Growth," 2015 Meeting Papers 1536, Society for Economic Dynamics.
• Gabriele Foà & Leonardo Gambacorta & Luigi Guiso & Paolo Emilio Mistrulli, 2015. "The supply side of household finance," Temi di discussione (Economic working papers) 1044, Bank of Italy, Economic Research and International Relations Area.
• Tito Boeri & Juan F. Jimeno, 2015. "The unbearable divergence of unemployment in europe," Working Papers 1534, Banco de España.
• Machado, C. & Sarmiento Paipilla, N.M. & León, C., 2015. "Identifying Central Bank Liquidity Super-Spreaders in Interbank Funds Networks," Discussion Paper 2015-052, Tilburg University, Center for Economic Research.
• Marc Giannoni & Christina Patterson & Marco Del Negro, 2015. "The Forward Guidance Puzzle," 2015 Meeting Papers 1529, Society for Economic Dynamics.
• Raputsoane, Leroi, 2015. "The lean versus clean debate and monetary policy in South Africa," MPRA Paper 68123, University Library of Munich, Germany.
• Grégory Claeys & Guntram B. Wolff, 2015. "Is globalisation reducing the ability of central banks to control inflation?," Policy Contributions 10843, Bruegel.
• Pérez, Fernando & Vega, Marco, 2015. "Asymmetric exchange rate pass-through: Evidence from Peru," Working Papers 2015-011, Banco Central de Reserva del Perú.
• Sam Tang, 2015. "Medium-Term Macroeconomic Volatility And Economic Development: A New Technique," Economics Discussion / Working Papers 15-29, The University of Western Australia, Department of Economics.
• Item repec:hal:cepnwp:halshs-01231469 is not listed on IDEAS anymore

• James B. Bullard, 2015. "Answers to Five Questions Related to U.S. Monetary Policy," Speech 257, Federal Reserve Bank of St. Louis.
• Dean Corbae & Pablo D'Erasmo, 2015. "Foreign competition and banking industry dynamics: an application to Mexico," Working Papers 15-33, Federal Reserve Bank of Philadelphia.
• Arnab Bhattacharjee & Chris Higson & Sean Holly, 2015. "Operating Leverage over the Business Cycle," Cambridge Working Papers in Economics 1535, Faculty of Economics, University of Cambridge.
• Cristina Fernández & Aitor Lacuesta & José Manuel Montero & Alberto Urtasun, 2015. "Heterogeneity of markups at the firm level and changes during the great recession: the case of spain," Working Papers 1536, Banco de España.
• Angel De la Fuente, 2015. "Series Contabilidad Regional (II): Asalariados, rentas del trabajo y salarios medios," Working Papers 1531, BBVA Bank, Economic Research Department.
• Liping Gao & Hyeongwoo Kim, 2015. "Testing the Predictability of Consumption Growth: Evidence from China," Auburn Economics Working Paper Series auwp2015-19, Department of Economics, Auburn University.
• Adonis Antoniades, 2015. "Commercial bank failures during The Great Recession: the real (estate) story," BIS Working Papers 530, Bank for International Settlements.
• Erotokritos Varelas & Eleni Dalla, 2015. "Second-Order Accelerator of Investment: The Case of Discrete Time," Discussion Paper Series 2015_07, Department of Economics, University of Macedonia, revised Dec 2015.
• Bastiaan Quast & Victor Kummritz, 2015. "Decompr: Global Value Chain Decomposition In R," CTEI Working Papers series 01-2015, Centre for Trade and Economic Integration, The Graduate Institute.
• Antoine CAZALS & Pierre MANDON, 2015. "Political Budget Cycles: Manipulation of Leaders or Bias from Research? A Meta-Regression Analysis," Working Papers 201533, CERDI.
• Gemma Abio Roig & Concepció Patxot Cardoner & Miguel Sánchez-Romero & Guadalupe Souto Nieves, 2015. "The Welfare State and the demographic dividend: A cross-country comparison," UB School of Economics Working Papers 2015/332, University of Barcelona School of Economics.
• Adam P. Balcerzak & Michal Bernard Pietrzak, 2015. "Quality of Institutions and Total Factor Productivity in European Union," Working Papers 165/2015, Institute of Economic Research, revised Dec 2015.
• Miguel Sarmiento & Jorge Cely & Carlos León, 2015. "Monitoring the Unsecured Interbank Funds Market," Borradores de Economia 14080, Banco de la Republica.
• Chuku, Chuku & Onye, Kenneth & Ajah, Hycent, 2015. "Structural and institutional determinants of investment activity in Africa," MPRA Paper 68163, University Library of Munich, Germany.
• Marcheggiano, Gilberto & Miles, David, 2015. "Fiscal multipliers and time preference," Discussion Papers 39, Monetary Policy Committee Unit, Bank of England.
• GUERRON-QUINTANA, Pablo A. & JINNAI, Ryo & 陣内, 了, 2015. "Financial Frictions, Trends, and the Great Recession," Discussion paper series HIAS-E-14, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
• McMahon, Michael & Peiris, Udara & Polemarchakis, Herakles, 2015. "Perils of quantitative easing," CRETA Online Discussion Paper Series 04, Centre for Research in Economic Theory and its Applications CRETA.
• Ken Urai & Hiromi Murakami, 2015. "An Axiomatic Characterization of the Price-Money Message Mechanism," Discussion Papers in Economics and Business 15-31, Osaka University, Graduate School of Economics.
• Andra C. Ghent & Marianna Kudlyak, 2015. "Intergenerational Linkages in Household Credit," Working Paper 15-14, Federal Reserve Bank of Richmond.
• Alfonso Palacio Vera, 2015. "Keynes´s Approach to Macroeconomic Modelling: a Popperian Reconstruction [La modelización macroeconómica en el enfoque keynesiano: una reconstrucción popperiana]," Documentos de trabajo de la Facultad de Ciencias Económicas y Empresariales 15-07, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales.
• Dimitrios Paparas & Christian Richter, 2015. "Military Spending and economic growth in Greece and the Arms Race between Greece and Turkey," Working Papers 38, The German University in Cairo, Faculty of Management Technology.
• Marie Cuillerai, 2015. "Money and politic): is there any prospect for democracy in " the monetary pluralism "? [Monnaie(s) et politique(s) : y a-t-il une perspective sur la démocratie dans « le pluralisme monéta," Post-Print halshs-01232057, HAL.
• Michael Reiter, 2015. "Solving OLG Models with Asset Choice," 2015 Meeting Papers 1509, Society for Economic Dynamics.
• Drago Bergholt, 2015. "Foreign shocks," Working Paper 2015/15, Norges Bank.
• Mirta González & María Cecilia Pérez, 2015. "Simulation of the term structure. An application for measuring the interest rate risk," BCRA Working Paper Series 201570, Central Bank of Argentina, Economic Research Department.
• Brüeckner,Markus & Carneiro,Francisco Galrao, 2015. "The effects of volatility, fiscal policy cyclicality and financial development on growth : evidence for the Eastern Caribbean," Policy Research Working Paper Series 7507, The World Bank.